Peter Brandt and other analysts think Bitcoin can go to $60,000, jury declares SBF ‘guilty’

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Last Updated on 6 November 2023 by CryptoTips.eu

By now, every day we can quote some well-known analyst discussing the Bitcoin chart as the largest digital currency sets a new high for the year every week apparently.

Bitcoin has broken through $35,900 in the past 2 days, the highest recorded price of 2023.

Last night in New York, Sam Bankman-Fried was found guilty by a jury after just a few hours of deliberation.

He will not be sentenced until next spring, but it is expected that he may have to spend the rest of his life in prison. The cryptosphere reacted happily to the news as we can now close the FTX chapter.

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Halving

Peter Brandt, the legendary analyst, sees buying opportunities for gold, Ether and also Bitcoin according to his social media posts while Michele Schneider, analyst at Marketgauge.com, earlier this week explained to Yahoo Finance that the Bitcoin chart looks simply fantastic right now.

“it behaves beautifully technically,” Michele says. “it took out $28,000, took out $30,000, stopping right into some resistance now as we get closer to $35,000.”

“It looks to me that as long we hold up over this $30,000 level, $45,000 to $60,000 is on the table.”

Dutch trader cryptojelle meanwhile thinks $48,000 is an initial target before consolidating in that region ahead of the 2024 halving.

Bitcoin historically has rallied whenever there’s a halving, a predetermined event in which the amount of bitcoin received for mining the crypto is slashed. This happens every four years, with the next halving set for April 2024.

Sam Bankman-Fried

Last night the curtain fell in New York on the largest crypto lawsuit to date, the one against FTX and Sam Bankman-Fried. A jury found Sam guilty of all seven charges against him after just hours. While his mother cried in the courtroom, Sam stood there, bewildered. He is expected to receive a sentence of several decades.

The maximum sentence he faces is a whopping 115 years in prison. It is however good news for crypto that this lawsuit is now coming to an end and we can now focus on the price of Bitcoin, Ether and all the other digital coins again without being distracted too much.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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